Spread-heavy Kiwibank debut grabs solid demand
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Covered Bonds

Spread-heavy Kiwibank debut grabs solid demand

Kiwibank sold its debut Swiss franc covered bond on Monday morning, drawing healthy demand at a price that tightened slightly from guidance. A lack of competing supply, along with an attractive spread over domestic Pfandbrief issuers, allowed the leads to close books quickly on the oversubscribed trade.

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